The average electricity price for regulated tariff customers connected to the wholesale market will increase by 30.9% this Saturday compared to this Friday, to €287.05 per megawatt hour (MWh). Iberian Energy Market Operator Collected by (OMIE) Europa Press.
This price is the result of adding the auction average. wholesale market to the compensation to be paid to combined cycle power plants by the request for the application of the ‘Iberian exception’ to limit the gas price for electricity generation.
At auction, the average price of electricity in the wholesale market — the so-called ‘pool‘– it was 169.11 euro/MWh for this Saturday. The maximum price will be recorded at 230 Euro/MWh between 22:00 and 23:00, while the minimum 120 Euro/MWh for the day will be between 17:00 and 18:00.
Price is added to this ‘pool’ compensation 117.94 Euro/MWh to gas companies, which must be paid by consumers benefiting from the measure, regulated rate (PVPC) consumers or those using indexed rates despite being in the free market
Although it came on Saturday, Weekendthere is a drop in demand, this increase in electricity cost is maxing out with TTF gas price levels in the Netherlands, a benchmark in the European market, trading at more than 246 euro/MWh this Friday.
For his part, in the Iberian market (stockpile) the price of natural gas was traded at 162.95 euro/MWh this Friday, with a recovery of over 3% compared to yesterday.
25% less
in the absence of mechanism ‘Iberian exception’ In order to limit the gas price for electricity generation, the electricity price in Spain will be around 382.32 euros/MWh on average; this is approximately 95.27 euros/MWh more than the compensation in the tariff issued to customers and would thus pay 24.9. % less on average.
The ‘Iberian mechanism’, which came into effect on 15 June, limits the price of gas for electricity generation to an average of 48.8 euros per MWh over a twelve-month period, thus covering the coming winter. energy prices they are more expensive.
Specifically, it sets a path for the ‘Iberian exception’. natural gas 40 Euro/MWh electricity generation in the first six months and then 5 Euro/MWh monthly increase until the end of the measure.
Teresa Ribera, Third Vice-President of the Government and Minister for Ecological Transition and Demographic Challenge, estimates this week that the Iberian exemption is saving money. 1,383 million euros for Spanish consumers within the two-month validity period.
Ribera noted that this figure represents a savings. 22 million euros per day for Spanish society from the entry into force of the mechanism.
Source: Informacion
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